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Liteon sees strong 4Q24 as next-gen AI server shipments begin

Liteon Technology will continue to focus on AI servers, green energy, and high-performance infrastructure, with the company planning shipments of 33kW power shelves for next-generation AI servers in the fourth quarter of 2024. Furthermore, the company has completed testing of its liquid-to-liquid cooling system, with initial shipments slated to begin in 2025, and is formally entering the home energy storage market. Despite the traditionally off-peak season, the company expects both quarter-over-quarter and year-over-year growth as revenue from AI-related products continues to rise.